Arizona-based Sprouts Farmers Market, Inc. recently reported results from a successful fourth quarter of 2019. Specifically, this included net sales of $1.4 billion, an 8 percent increase from this same period in 2018.
Other Q4 highlights included:
• Comparable store sales growth of 1.5 percent and two-year comparable store sales growth of 3.8 percent
• Net income of $32 million; compared to net income of $13 million and adjusted net income of $24 million from the same period in 2018
• Diluted earnings per share of $0.27; compared to diluted earnings per share of $0.10 and adjusted diluted earnings per share of $0.19 from the same period in 2018
For Fiscal Year 2019 (ended Dec. 29, 2019), net sales were $5.6 billion, which was up 8 percent from 2018.
Sprouts further noted that:
• Comparable store sales growth of 1.1% and two-year comparable store sales growth of 3.2 percent
• Net income and adjusted net income of $150 million; compared to net income of $159 million and adjusted net income of $168 million in 2018
• Diluted earnings and adjusted diluted earnings per share of $1.25; compared to diluted earnings per share of $1.22 and adjusted diluted earnings per share of $1.29 in 2018
“During the fourth quarter, I was encouraged by the Sprouts team’s dedication to driving same store sales growth, while we simultaneously delivered positive margins,” said Jack Sinclair, CEO. “We remain engaged in developing a long-term strategy and are optimistic about the future of Sprouts rooted in a brand that is good for you, good for your family and good for the planet.”
For more information, visit investors.sprouts.com/news.
